Tuesday, January 10, 2012

Nothing like

For the fact is that running a business is nothing at all like making macro policy. The key point about macroeconomics is the pervasiveness of feedback loops due to the fact that workers are also consumers. No business sells a large fraction of its output to its own workers; even very small countries sell around two-thirds of their output to themselves, because that much is non-tradable services.

This makes a huge difference. A businessman can slash his workforce in half, produce about the same as before, and be considered a big success; an economy that does the same plunges into depression, and ends up not being able to sell its goods.

And that's even if you think Romney was a success.
It's sort of like Rick Perry trying to parlay his success in Texas into the presidency. Even if you think he was successful, he can't reproduce it: luring business from other states just doesn't translate to the federal level.

Links to this post:

About Me

I teach Russian and Ukrainian, and some basic English. I dabble in Gaelic and Welsh. I'm am amateur photographer and I've recently started birding (in a small way). I'm a Progressive, and a Freethinker, and I know Evolution is a fact - that's FCD, Friend of Charles Darwin (look down the sidebar). I read a lot, and follow women's college basketball. Also I love astronomy, though I'm a rank amateur at it. Most of all, I like living in the reality-based community... One more thing: this blog and the opinions on it are mine, and don't represent any institution or employer... probably very much so don't.

Archives

You cannot leave. You cannot drop the armor now. Why? Because you are needed, more than ever. You are mandatory to keep the energy flowing, the karmic vibrator buzzing, to keep the progressive and lucid half of the nation breathing and healthy and awake and ever reaching out to the half that's wallowing in fear and violence and homophobia and sexual dread, hoping to find harmony instead of cacophony, common ground instead of civil war, some sort of a shared love of a country so messy and internationally disrespected and openly confused its own president can't even speak the language.

After all, you don't hand over all your children the first time the flying monkeys bang on your door...

It's far from over. The tunnel is just a little darker -- and longer -- than we imagined.
Mark Morford